PrairieSky Royalty Ltd. announced that its Board of Directors has declared a dividend of CAD 0.10833 per common share for the month of January 2016 to be paid on February 15, 2016 to shareholders of record on January 29, 2016. The Board of Directors has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend is designated as an "eligible dividend" for Canadian income tax purposes.